Arthur J. Gallagher: 1Q Earnings Snapshot

ROLLING MEADOWS, Ill. (AP) _ Arthur J. Gallagher & Co. (AJG) on Thursday reported first-quarter profit of $334.1 million.

On a per-share basis, the Rolling Meadows, Illinois-based company said it had net income of $1.77. Earnings, adjusted for non-recurring gains, came to $1.63 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share.

The insurance and risk-management company posted revenue of $1.99 billion in the period.

Arthur J. Gallagher shares have climbed 12 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $82.79, a rise of 19 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AJG at https://www.zacks.com/ap/AJG